Norges Bank Makes New $63.04 Million Investment in Starwood Property Trust, Inc. (NYSE:STWD)

Norges Bank acquired a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 3,326,884 shares of the real estate investment trust’s stock, valued at approximately $63,044,000.

A number of other large investors also recently modified their holdings of STWD. Caisse Des Depots ET Consignations purchased a new position in shares of Starwood Property Trust during the fourth quarter worth approximately $1,517,000. Blair William & Co. IL grew its holdings in shares of Starwood Property Trust by 15.0% during the 4th quarter. Blair William & Co. IL now owns 403,211 shares of the real estate investment trust’s stock valued at $7,641,000 after purchasing an additional 52,519 shares during the last quarter. Morey & Quinn Wealth Partners LLC bought a new stake in Starwood Property Trust in the fourth quarter worth $428,000. Murphy & Mullick Capital Management Corp bought a new stake in Starwood Property Trust in the fourth quarter worth $103,000. Finally, Vanguard Group Inc. grew its stake in shares of Starwood Property Trust by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust’s stock valued at $586,375,000 after buying an additional 377,939 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Price Performance

STWD opened at $19.18 on Friday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $6.48 billion, a PE ratio of 16.40 and a beta of 1.68. The stock’s 50 day moving average price is $19.82 and its 200-day moving average price is $19.80. Starwood Property Trust, Inc. has a 52-week low of $18.12 and a 52-week high of $21.17.

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.92 annualized dividend and a yield of 10.01%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 174.55%.

Analyst Ratings Changes

A number of research firms have recently weighed in on STWD. Keefe, Bruyette & Woods lowered their target price on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.21.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.